Northwestern Mutual Seeks $23 Million In-House Meals Tax Break

Northwestern Mutual Life Insurance Co. says the IRS should grant it a $23 million tax break for cafeteria food it provides for employees at its Wisconsin headquarters.

IRC Section 119 allows companies to exclude “the value of any meals … furnished to him … by or on behalf of his employer for the convenience of the employer,” so long as “the meals are furnished on the business premises of the employer,” the company states in its complaint filed Tuesday at the US District Court for the Eastern District of Wisconsin. That ought to include the food Northwestern Mutual provides at ...